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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (13162)	1/14/1998 5:42:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Jim, The reality is that the DOW is computed many times a second and if were not for a certain amount of "averaging," you wouldn't be able to read it. So I am sure that is why you see these delays. Bill

To: James F. Hopkins who wrote (13162)	1/15/1998 12:44:00 AM
From: posthumousone	Read Replies (2) \| Respond to of 94695

Im a novice fascinating with TA and how it measures mass pyschology, so please bear with me if my questions seem to elementary. Trading using stochiastics is differant depending on whether the stock is in a range or a trend.........OK i follow the math and logic there BUT what i have a hard time with is DEFINING whether a stock is in a range or trend. For instance: a stock trades at $5 for a year.....(ok a range) but then breaks out 20 in a months time, quickly falls to a 12-14 range for 2 months then moves up to a 14-16 range for a 2 months then drifts down to 13. i can say sure the trend is up...if you look at a long term graph BUT i can also say that for the past 2 weeks it has been in a down trend (all down days while crossing the 20 and 50 day simple moving average) BUT i can also say it is still in a 12-16 price range based on the 5 months of data since after it broke out SO the stochiastics now.....the fast line crossed the slow line moving up while under 20.......if i look at this for the past to weeks it shouldnt be a buy signal BUT if i look over the past 5 months while its in a trading range of 12 -16 this would indicate an oversold condition and a buy signal Any hints would be appreciated g ps. i read alot of post on this thread about indicators i never heard of.....VIX.....do you feel the use of bollinger bands, stochiastics and RSI is archaic....maybe not applicable to indexes? just curious....and enjoy following the debate on where you people anticipate the market to go (even if i dont understand all you are talking about) pps.does anyone have a chart of teh NewHigh New low index and which direction its trending.....is above below 0?